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62 thousand are being built in the capital. Bank Luminor and Šiaulių bankas are lending LTL 44 million to the Vilnius OUTLET shopping center. euros. The banks signed a syndicated loan agreement with the third company implementing the project, Third Swallow. Banks lend in equal installments: 22 million. euros. The total value of the project is about 78 million. euros.
The huge downtown is planned to house more than 150 outlet stores, 30 restaurants and cafes, and a movie theater.
“This is one of the most ambitious recent projects, which will affect not only the distribution of customer flows, but also the growth dynamics of the surrounding urban areas. Understanding, evaluating and becoming a partner in such a project is an honor and a great challenge for all banks, especially in the environment of the current pandemic. We believe in the success of the project, since we work with professionals in our field who have extensive experience in this business, who feel the pulse of the market well and respond to changes in consumer habits “, said Jonas Urbonas, Director of Luminor Corporate Banking.
“We are pleased that in such an indefinite time we can contribute to the financing of a one-of-a-kind shopping center for the whole of Vilnius. We believe that a large-scale project will be a discovery not only for Vilnius residents, but also for guests.” said Kęstutis Grinius, Šiaulių bankas Vilnius region business customer manager.
“A shopping center with a quiet architecture and a convenient location should compensate for the imbalance in the availability of goods and services in the western part of Vilnius and become a new center of activities and recreation for the residents and guests of the city. The situation, the scenario of which is dictated by a pandemic, is worrying, but the banks competently assessed not only the quality of the project, but also its life prospects to return to normal. This is a solid investment and good news not only for us, but also for the entire business: no one has turned on the credit taps, ”said Sigitas Stasevičius, CEO of Ogmios centers.
The legal advisors for this transaction are the law firm TGS Baltic.
Vilnius OUTLET is being developed near the Western City Bypass. The shopping center will have a parking lot for more than 2,000 places, part of which will be dedicated to the “Build and Drive” system, people from around the city and the ring roads will be able to leave their cars in the parking lot and travel to the center of the city. city by public transport.
The construction of the new shopping center is progressing exactly according to the established schedule, more than 80 percent has already been leased. total area, and from February the tenants will begin to install their stores, restaurants and entertainment spaces. The opening of the shopping center will take place in the third quarter of 2021.
50 percent UAB Trečioji kregžDE, which implements the share project, owns AB Ogmios centras together with UAB 3K Investicija, and 49.5 percent. The shares are owned equally by MG Baltic Investment and Extera Baltic, a company led by businessman Rolandas Vingilis.
